Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-03-11

iis Ohiect-Wh9t - Director Says.
-. Ihrl-. /


NV York, March l0.-The Execu-
i've Committee Of the Richmond Termi-
nal Company met to-day toconsider two
propositious relating to the purchase of
the baltimore and Ohio stock, under
the option given 10y Robert Garrett TO
Alfred Sullv. Cne Of the directors
said that the proposition most likely TO
he adopted is that syndicate shaii
take the stock IN their interest and hold
4 until the Richmond Terminal full
Board 81 Directors approve of theactlon
of the Executive Committee. ltwillthen
Ice p]accd In a collateral trust, and the
Richmond Terminal viii either consoh-
date the baltimore aud Ohio with their
system or operate II separately as
Irotri,tarv read. The Baltimore and
ohio track from Baltimore aud Wash
incton go Philadelphia VIII be used as
t,ruh line for thc business OF ITS own
western lines anl the other roads III the
Richmond Terminal system
rI,.sylvA,IA AND WESTERN UNION NOT
E, ,W DIAL.
TL. PENNSYLVANIA railroad has no in
t.r..t i'm the deal, nor has the Western
Union. II is supply a Richmond Ter
mai ARRANGEMENT and has no simlhrl-
..tn IA, sole Of Vanderbilt holdings OF
<.. York Central To- the London sindi-
,t.. The m!ce and mode of payment
about tie same as has already been
..rj.l,d. The purchase of the mi
.aty toob is not being considered.
PUBLICITY GI.Ey NAY PREVENT TIE
CONSERVATION.
I'll. meeting If the Richmond Ter
riual Executive Committee adjourned
.. meet at the call Of Mr. Sully, bat ali
information is refused as tOthenacton
Tine members intimate that they are
pledged g. secrecy, and Mr. Bnee Is
quoted 90. saving that the premature
publication al tic proposed plan may
interfere With Ill. accumulation OF the
majority at tle stock which Mr.. Gar
r.tt r.cd to q. liver. lie al5o stated
i,.f L,tlou.'tNr Garrett only wanted
tu ul.pauominal salo fort the purpose OF
matchmaking the baltimore and ONO
-.-,m with the Richmond Terminal.
lIi.. SIR. Iucc SAYS, he Is willing, as
director of the Terminal Company 70
..c,.g CD.
tacr the adjournment OF the com,
re. .ey,ral OF tie directors met ana
. Circumstances SD far teddy confirm
D., l.O,tu, statement made before
ti.n.Cung Was called to order
D-r or lHr FAILURE OF TIE DIAL
A Yorr. March lo.-Ihe 2f'D'f.''
tomorrow will say: The neSoIia,
o.. or the transfer Of the control OF
..l4fnort and Ohio railroad to th'
\.u lorA syndicate have not been car
go % successful is ue. Is Is report
..H..t f.. op,ion o. taiucd from fresl
.u Garrett by Alfred Suliy expired
t...sinv, and Chat Nr. Sully was nh
... 10 rails. the money TO meet 1h'
t.t1rymnt. While the exact ternl'
Iur contract ere not known, II n y,
...u.,.,abGshcd that 6,0oO,O0O OF th'
-IraNOU9 required for tine purchas.
l. eDo.p shares al 300 WAS TO be pax
cash. The stock, however YVES I
F.. placed i'm tlust mil payment o
OIL. remaining ai0. 10000, on whico
,u,s tine was given, had been CON CON
Dated. n appears that OF the cas- ao
,amqt an indalment OF 81 ,OOo'OO
pas TO be PAID Yesterday; Inc sun ,
uas not sent 10 Baltimore, but IN Pi"c
ol The money a request for extension Q
un1eQcs was forwarded. IT Is 10
Eoyn that any reply to the messing
vsa received. Al.
The most plausible excuse Tor IN
ia'urc 10 exercise the option was
statement that the purchasing syndilc.a'
d,ircd LONGER time for an lnyeSt'3'
lion Of The condition Of the BaiuHa 10,
and Ohio Company's assets. Ia
Liabilities Of the company were sia'o
ID round figures when the privilege Q
took was obtained, and many pers.oi.
WHO had expressed d Willingness 10 Ioi
~ the undertaking we're reluctant, q
calm reflection, 10 complete the ps "a
gain without exp IT examination OF u
ahiiIs OF tie company
Az adjourned meeting OF the ExecI
tive Committee of the Richmond az
Wea Point Terminal Company "
held yesterday. The option held !
Mr. Enlly, president OF the coinp@p.